Austwise Tax & Investment Services

Accountants Registered Tax Agents
Financial Advisers Mortgage Brokers & Real Estate Agents
Michael Todd Australian Financial Services No: 239 197
Australian Credit Licence No: 389 173
Michael Todd Real Estate Agent No: 200 176 44 (NSW)

Established over 30 years, Austwise offers extensive knowledge and experience to a diverse range of clients and industries in West Ryde, NSW.

Welcome

Learn more about how the team at Austwise can help you with your business accounting and financial needs.
About Austwise

Our team can help you get you generate and protect your wealth.

Let Austwise Find The Right Solution For You!

At Austwise Tax & Investment Services, we are here to listen with care, and then we find the right financial solution for you. With over 30 years experience, you can rest assured that you will receive the most professional and reliable information and assistance from Austwise.

  • Maximize your tax refund/ pay later/ full tax deductibles / competitive rates
  • Small business specialist
  • Take control of your super fees and the investment of your super

The Right Team of Qualified Professionals

The Austwise Tax & Investment Services Team consists of accountants, registered tax agents and financial advisers. We have been operating very successfully for over thirty years.

Our team consists of fully experienced and qualified accountants and financial advisers.

  • Institute of Public Accountants
  • Registered Tax Agents
  • Taxation Institute of Australia
  • Australian Institute of Management
  • Accredited Member of Finance Brokers Association
  • The National Tax and Accountants Association
  • SMSF Association
  • Financial Planning Association (FPA)
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SMSF logo
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Our Financial advisor will be Michael Todd (Principal/ Licensee). His Australian Securities and Investments Commission (ASIC) licence number is 239197. Mr Todd has 30 years of experience in Financial, Taxation and Accounting Services.

Austwise Tax & Investment Services is registered Tax Agent and Public Accountant, Certified Financial Planning and SMSF specialist Advisor.

Financial Services Guide - Michael Todd

Successful business strategies

We work with you in determining future strategies that will bring success

Our Services

Learn more about how our team can help you with your business and personal accounting and financial planning needs.

We ensure your accounting and tax compliance is lodged on time

Lodged on time

Latest News

Read the latest from the Austwise news desk in both the Accounting and Financial Planning sectors.

Accounting News

10% Super Guarantee from 1st July 2021

10% Super Guarantee from 1st July 2021

 Business leaders should turn their attention to how they plan on managing the government’s increase to the superannuation guarantee, set to come into effect from 1 July, to avoid penalties, says one tax expert. 

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End of year financial strategies

End of year financial strategies

 With the end of the financial year approaching there may be some valuable opportunities worth discussing for you or your family, depending on your personal circumstances. 

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Closely held payees: STP options for small employers

Closely held payees: STP options for small employers

 Small employers with closely held payees have been exempt from reporting through single touch payroll (STP). 

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Videos to help understand accounting topics.

Videos to help understand accounting topics.

 Often watching a short video is a quicker way to understand what can otherwise be quite confusing. The following titles have just been added to our website and can be accessed at any time and by anyone. 

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ATO Small Business Newsroom - May / June

ATO Small Business Newsroom - May / June

 The ATO provides information on a large number of business related topics, issues, rules and regulations.  We hope this article will help quickly you keep up to date. 

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New insolvency rules commence

New insolvency rules commence

 The measures from 1st January 2021 apply to incorporated companies with liabilities less than $1 million.  

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ATO sheds light on crypto compliance focus

ATO sheds light on crypto compliance focus

 The Tax Office has urged advisers and taxpayers alike to heed its guidance on accounting for cryptocurrency come tax time, when it will be looking to ensure that all capital gains events are accurately reported — not just gains. 

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Post Federal budget reflections

Post Federal budget reflections

 The federal budget 2021–22 was handed down by the Treasurer, the Hon Josh Frydenberg MP, on 11 May 2021. This article considers the key issues as we wait for the legislative amendments to give effect to the budget measures. 

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Federal Budget 2021 - Overview

Federal Budget 2021 - Overview

 The following links to the ABC where a brief overview of the Winners and Losers from this year's Federal Budget. 

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Financial Planning News

End of year financial strategies

End of year financial strategies

 With the end of the financial year approaching there may be some valuable opportunities worth discussing for you or your family, depending on your personal circumstances. 

Read More

Budget 2021: Retirement Outcomes

Budget 2021: Retirement Outcomes

 The 2021-22 Federal Budget unveiled a range of initiatives aimed at providing additional flexibility across the retirement savings system. 

Read More

Videos to help understand financial planning topics.

Videos to help understand financial planning topics.

 Often watching a short video is a quicker way to understand what can otherwise be quite confusing.  The following titles have just been added to our website and can be accessed at any time and by anyone. 

Read More

SMSFs still on top for member satisfaction

SMSFs still on top for member satisfaction

 SMSF members continue to report very high levels of satisfaction with the performance of their fund, according to rolling research. 

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Understanding home downsizing and super contributions

Understanding home downsizing and super contributions

 The Federal Government announced in the May Budget that it is widening the scope of the scheme allowing eligible Australians to sell their home and put extra money into their superannuation. Here's what you need to know. 

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ATO issues final warnings on outstanding SARs

ATO issues final warnings on outstanding SARs

 The ATO has issued its final alerts for SMSFs with outstanding SARs, warning that failure to lodge may lead to serious consequences. 

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New SMSF quarterly statistics highlight continued post-COVID recovery

New SMSF quarterly statistics highlight continued post-COVID recovery

 The ATO’s newly released March 2021 quarterly statistical report has revealed the total number of SMSFs will soon hit 600,000, with consistent growth seen across establishments and assets as the industry heads into a post-COVID economic recovery. 

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Budget measures designed to give retirees control in increasingly ‘opaque’ super environment

Budget measures designed to give retirees control in increasingly ‘opaque’ super environment

 Senator Jane Hume has assured that the superannuation measures announced in the federal budget aren’t aimed to force retirees to draw down on savings but instead create greater control in an increasingly complex super environment. 

Read More

Federal Budget 2021 - Overview

Federal Budget 2021 - Overview

 The following links to the ABC where a brief overview of the Winners and Losers from this year's Federal Budget. 

Read More

We leave no stone unturned

Our clients are more than just customers. We treat each business like our own and leave no stone unturned to make their goals, our goals.

Educational Videos

Watch our video series to learn more about the value of getting accounting advice, financial planning, how it applies to common life events and how we can help you.

Client Resources

Login to our Secure Client Portal or enjoy the links to FREE tools and calculators supplied by MoneySmart.

Our greatest assets are our clients. We treat each client as if they are our only one.

Thank you

Contact Us

We'd love to get in touch and we welcome any enquiry that you may have

Get in Touch

Austwise welcomes your enquiry. To book an appointment or simply ask us a question, fill in your details and we'll be in touch soon!

Our Office

Postage Address

  • PO Box 181, West Ryde NSW 2114

Payment Options

Tax & Accounting

Austwise offers a comprehensive range of taxation and accounting solutions for both businesses and the individual. Let us help you take control of your financial future. Our team are committed to offer the highest level of service and welcome the opportunity to work with you.

Concentrate on running your business and let us take care of all your business taxation requirements:

We also complete tax returns for individuals. They can be complex and there are allowable tax deductions and expense claims that can be made that you may not be aware of. We can help you minimise your payable tax and potentially increase your tax return and make sure your tax return is lodged on time. We also offer advice on:

Start getting the support you need and book a consultation with one of our team members today. Call us on (02) 9808 3166 or make an enquiry via email at michaeltodd@austwise.com.au and one of our staff will get back to you as soon as possible.

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Financial Planning

Financial planning is determining how an investor is going to meet their goals and objectives. It is about helping clients define their goals, gathering information and analysing data to make a plan, then implementing the plan and monitoring the results. It is also monitoring and updating goals and objectives as clients move through different phases of life.

'Failing to plan is planning to fail.' It's a cliché but when it comes to investing money, setting and then attaining long term financial objectives, then it makes a lot of sense to have a plan. Also, history shows time and again that the sooner you can start the better the outcomes.

Attaining long term objectives is better served by setting some short term goals. For example, such milestones might be set for 1-3 years, then 4-6 years and then 7+ years.

However, just having a plan isn’t enough. It needs to be regularly revisited and amended accordingly. Like the initial drafting of a plan the ongoing monitoring can be complex, increasingly so due to an increasing number of rule and regulation changes. We can help you manage this complexity and provide ongoing monitoring.

Our primary aim is to help you attain your financial objectives.

Start getting the support you need and book a consultation with one of our team members today. Call us on (02) 9808 3166 or make an enquiry via email at michaeltodd@austwise.com.au and one of our staff will get back to you as soon as possible.

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Self Managed Super Funds

Self-Managed Superannuation Funds (SMSFs) offer an alternative strategy option for many individuals, families and small business owners to build tax effective wealth and protect assets over time. SMSFs are becoming popular for those who are ready to take control of their own super investments as they give you ultimate control and flexibility to manage your retirement benefits.

It must be noted though, that you will have increased responsibilities as a trustee of the fund. As a SMSF Trustee, you need to keep up to date with all required SMSF regulations and be aware of changes occurring in financial markets.

We can work with you to understand your personal financial situation and decide whether a SMSF structure is appropriate for you. We will also help you to invest your assets in the most effective way to maximise your retirement benefits, whilst complying with your fund’s investment strategy.

It is generally agreed that there are a number of benefits of an SMSF, but it is important that you also understand that an SMSF may not suit your situation. Outlined below are some of the reasons why a SMSF needs to be considered carefully before establishment:

Benefits:

Disadvantages:

Running and managing a SMSF may not be suitable to everyone. Many of the advantages are also a disadvantage:

Should you wish to consider establishing a SMSF then we can help with:

Start getting the support you need and book a consultation with one of our team members today. Call us on (02) 9808 3166 or make an enquiry via email at michaeltodd@austwise.com.au and one of our staff will get back to you as soon as possible.

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Wealth Creation

Wealth creation takes time and planning. Of course, there are the lucky ones who just seem to become wealthy. However, for the rest of us it requires planning, dedication, and time – the more time the better. On the other hand, we have to live and that costs a lot of what we earn.

The cost of living means most delay planning to develop their wealth until well into their adult years which, unfortunately, leaves them with too much to do in too short a time if they’re to attain their financial goals.

Many don’t attain these goals but seeking professional help early on in your life journey is where to start. The longer this help is available then all the better for covering short term needs such as school fees and holidays, medium-term goals such as paying off a mortgage, while always keeping your eye on the long-term goals that will help you enjoy a quality retirement.

The most important step to financial freedom is to have a Financial Plan! Many people leave this until it’s too late in life. Not having a plan equals less choice in your later years, causing much stress and anxiety in your family relationships that could be well avoided if only you had a good financial plan in place.

How to start:

STEP 1: Clear all your non-mortgage debts

Put a budget in place and live within your means ...

Check out the budget planner on www.moneysmart.gov.au

STEP 2: Build up your savings

Once your non-mortgage debt is under control, start a disciplined saving habit, here's how:

STEP 3: Speak to a qualified Financial Planner

Markets are global and changing all the time. It is difficult for an unqualified person to understand the benefits of tax-effective savings and super contributions, never mind how to invest in managed or listed funds. This is where a qualified Financial Planner will help you personalise a plan that will see you transition from now into your retirement.

Start getting the support you need and book a consultation with one of our team members today. Call us on (02) 9808 3166 or make an enquiry via email at michaeltodd@austwise.com.au and one of our staff will get back to you as soon as possible.

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Mortgage Broking

Are You Confused By The Multitude of Mortgage Choices?

The word mortgage come from a French word ‘mort’ meaning ‘death’ and ‘gage’ meaning ‘pledge or agreement’ so ‘agreement till death’. For most of us mortgages are a necessary debt which we seem a life time to pay. The cost of owning a house for most Australians steals away their dream for a good retirement. Unfortunately most of us are married to our mortgages and have no solution as to how to pay it off faster.

We have been conditioned to focus on the interest rate rather than being educated on how to pay less in interest. A good broker is one who is proactive and can tell you how much can on ‘leverage’ to maximise your current position. Unfortunately with mortgages, there is no one size fit all.

The Austwise team is dedicated to find you the best solution. We pride ourselves on our industry knowledge as we ourselves have mortgages, investments and can advise you with personal experience. Our experience ranges from residential mortgages to chattel lending and our team is confident that we will find you a solution for you. Unlike most business we are not jack of all trade as we engage other independent mortgage broker to keep up with industry knowledge and product range.

Our mortgage advisory services include:

Start getting the support you need and book a consultation with one of our team members today. Call us on (02) 9808 3166 or make an enquiry via email at michaeltodd@austwise.com.au and one of our staff will get back to you as soon as possible.

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Bookkeeping

Having trouble reconciling your accounts? Not enough hours in the day to balance the books? Outgrown your existing bookkeeper or have they recently left? Then our outsourced bookkeeping services can provide accurate and timely reporting for any business. You can focus on running your business while Austwise reconciles your accounts and attends to the processing of your financial transactions.

Our outsourced bookkeeping services can:

Maybe you would like to be able to receive payments on the spot? Austwise can assist with this option.

Start getting the support you need and book a consultation with one of our team members today. Call us on (02) 9808 3166 or make an enquiry via email at michaeltodd@austwise.com.au and one of our staff will get back to you as soon as possible.

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Property Investment

Austwise can make sure your dreams become a reality. Buying your own home is often the first significant investment you will make. Purchasing another property may well be the second investment people will make even before shares and other assets. Our objective is to help our clients make safe investment property decisions that create wealth for the long term.

Austwise has partnerships with many respected property agents and research firms. This enables us to source suitable properties for individuals, couples and families looking to make an investment into property.

Like any form of business, property ownership can be less than hoped for. However, rental income, gearing, purchase, borrowings, management, appropriate structures, and advice are how Austwise can help clients who own commercial and residential investment properties.

Our aim is to ensure such investments generate the appropriate returns.

We assist in a variety of ways:

Start getting the support you need and book a consultation with one of our team members today. Call us on (02) 9808 3166 or make an enquiry via email at michaeltodd@austwise.com.au and one of our staff will get back to you as soon as possible.

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Retirement Planning

Retiring on your own terms is not always easy to achieve, however it is evident that those who plan for retirement are more likely to do so. Results also show that obtaining professional help during the pre-retirement years further improves the probability of attaining your retirement objectives. The earlier you start implementing a plan the better the outcomes.

During one’s working life there is always an income to make ends meet when raising children, paying off a mortgage, and myriad other lifestyle costs.

Retirement planning is about the lifestyle you will have after you stop work and receiving employment income. Planning focuses on issues such as how much superannuation is enough, taking a super pension, claiming the Age Pension, making superannuation contributions while receiving a pension from a super fund, estate planning and looking after your family.

Planning properly is becoming even more important now we are expected to live longer. This greater need means that professional help has never been more important as well.

At Austwise Financial Services, we will provide the time and expertise needed to help you implement the best financial strategy possible. Contact us today to discuss how we can work together.

Start getting the support you need and book a consultation with one of our team members today. Call us on (02) 9808 3166 or make an enquiry via email at michaeltodd@austwise.com.au and one of our staff will get back to you as soon as possible.

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Email is very convenient in our business world, there is no doubting that. However email messages and attachments can be intercepted by third parties, putting your privacy and identity at risk if used to send confidential files or documents. Secure File Transfer eliminates this risk.

Login to Secure File Transfer below, or contact us if you require a username and password.

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